In recent years, the financial landscape has witnessed the emergence of small finance banks, playing a pivotal role in fostering financial inclusion and catering to the banking needs of underserved segments of the population.
Starting from May 16, 2023, and running until July 15, 2023, the drive aims to identify suspicious and fake Goods and Services Tax Identification Numbers (GSTINs) and take appropriate action to eliminate fraudulent billers from the GST ecosystem.
This article provides an overview of the procedures and responsibilities associated with director resignations, ensuring compliance with the relevant regulations.
Explore the status of online gaming in India, its economic impact, and the distinction between games of skill and games of chance in the legal landscape.
Discover the process and documents required for Limited Liability Partnership (LLP) registration. Understand the advantages, structure, and steps involved in forming an LLP.
Explore the potential pitfalls and opportunities of the new income tax amnesty scheme. Learn how to convert black money into white without facing taxes. Understand the implications for individuals and the economy.
Learn how to prepare inputs for Actuarial Valuations under Gratuity and Leave Encashment Plan in compliance with AS 15 (Revised 2005) & IndAS 19. Understand key technical points for accurate results.
In recent times, India has seen an exponential increase in the number of fraudulent activities reported. According to the National Crime Records Bureau, India’s total reported fraud cases rose from 352 in 2015 to 2103 in 2019, which is a 496% jump in a span of five years.
CBDT recently proposed significant changes to Rule 11UA regarding valuation of shares and applicability of section 56(2)(viib), commonly known as Angel Tax
Section 80DD of the Income Tax Act, 1961 offers tax deductions regarding the medical treatment and maintenance of a dependent with disability. Under this section, the taxpayer can claim a deduction in respect of expenses incurred for the medical treatment and maintenance of a dependant who is a person with disability.
